Great deal-price upside remains in the Permian Basin, which is the newest target of horizontal-well application to oil-rich resources, predicts Ward Polzin, managing director and head of A&D for Tudor, Pickering, Holt & Co. Securities Inc.
The potential for higher deal pricing may also remain in the Utica play in Ohio, he adds. Meanwhile, deal prices have peaked in the Eagle Ford liquids window and in the Bakken at current commodity prices, he says. Polzin addressed members of ADAM-Houston, an organization of E&P M&A professionals, Friday.
“What has not peaked? ...